Anti-Money Laundering

Securities Commission Malaysia Issues Show-cause Notice to Goldman

15/03/2019

Malaysia’s securities regulator has reportedly issued a show-cause notice to Goldman Sachs, assumed to be in connection with the multi-billion dollar 1MDB scandal.

Custody & Infrastructure

Stock Exchange of Thailand to Launch Digital Asset Platform by 2020

15/03/2019

The SET says it will build a comprehensive digital asset ecosystem around the new platform as part of its digitalisation strategy, as the country approves its first ‘ICO portal’.

Conduct, Culture & Accountability

APRA to Publish Names of Worst Performing Super Funds

15/03/2019

APRA plans to publish the names of Australia’s worst performing superannuation funds in a drive to improve investor outcomes, standards and accountability in the industry.

Credit Risk

CSRC Bars Brokers from Facilitating ‘Shadow’ Margin Financing

14/03/2019

The CSRC is prohibiting brokers from any business that could facilitate informal margin financing, which it has flagged as a potential source of risk.

Climate Risk

Climate Change Poses Financial Stability Risk – RBA

14/03/2019

Financial stability could be put at risk from the physical impact of climate change and “an abrupt disorderly transition” to a low-carbon economy.

Structural Regulation

MAS, CFTC Agree to Mutually Recognise Derivatives Venues

14/03/2019

The agreement enables US and Singapore OTC derivatives participants to trade with one another on the same platforms, allowing for more efficient risk management.

Structural Regulation

China Foreign Stock Ownership Limits Impede Market Opening

13/03/2019

Chinese regulators will need to ease foreign ownership restrictions to ensure its listed companies are able to remain in MSCI’s benchmark indexes.

Conduct, Culture & Accountability

Australia Reverses Course on Mortgage Broking Trail Commissions

13/03/2019

Following strong industry backlash, the Australian government has decided not to prohibit trail commissions for mortgage brokers, and instead conduct a review into the issue in 3 years.

Clearing & Post-Trade

Exactpro Delivers Test Strategy for HKEX’s New Post Trade System

13/03/2019

QA services provider Exactpro has completed a review of the testing processes and delivered a set of test strategy recommendations for Phase 1 of HKEX’s NextGen Post Trade Programme.